Spectrum Finance IDO Launch

We are excited to announce the Spectrum Finance IDO on Ergo blockchain on January 16th, 2023 at 6 pm UTC+0. The IDO event consists of three rounds:

• Community Round;
• Public Round;
• SPF/ERG liquidity pool launch.

Both Community and Public rounds consist of whitelisting and contribution phases. Express your interest and claim your whitelist tokens for your SPF allocation during the contribution period.

The Community round is exclusive to Spectrum Finance protocol users and ErgoPad stakers, while the Public round is open to everyone.

Community and Public rounds of the IDO will take place on a specialized platform that is designed specifically for the token sale. This platform can be accessed through the Spectrum Finance DEX, which serves as a gateway to the IDO. Also we will share the direct link later.

After the Community and Public rounds, an SPF/ERG liquidity pool will be launched with provided liquidity, where everyone can swap and provide liquidity as usual.

10% of purchased SPF will be unlocked on the day of the SPF/ERG liquidity pool launch for each participant, regardless of which round he participated in. Tokens will be vested over 6 months and will be claimable on our IDO platform.

Let’s dive deeper into each round!

Round 1: Community round

• Whitelist phase: 168 hours (January 16th — 23nd, 2023). From the evening of the 16th to the evening of the 23rd.
• Contribution phase: 168 hours (January 23rd — 30th, 2023). From the evening of the 23th to the evening of the 30rd.
• Price: $0.042
• Allocation: 10,714,285.71 SPF
• IDO unlock: 10%
• Minimum purchase: 50.00 SigUSD
• Maximum purchase: 10,000.00 SigUSD
• Vesting: 6 months

Eligibility:

1. All addresses that participated (performed a swap, deposit or redeem) in Spectrum Finance protocol (the snapshot will be taken on January 16th, 2023, 12:00:00 UTC+0) — 80% of whitelist tokens
2. All addresses that staked at least 12,500 ErgoPad tokens (the snapshot will be taken on January 22th, 2023, 17:00:00 UTC+0) — 20% of whitelist tokens
3. KYC approval is required for all participants

Round 2: Public round

• Whitelist phase: 168 hours (January 30th — February 6th, 2023). From the evening of the 30th to the evening of the 6th.
• Contribution phase: 168 hours (February 6th — February 13th, 2023). From the evening of the 6th to the evening of the 13th.
• Price: $0.05
• Allocation: 10,000,000 SPF
• IDO unlock: 10%
• Minimum purchase: 50.00 SigUSD
• Maximum purchase: 10,000.00 SigUSD
• Vesting: 6 months
• Eligibility: Any address with approved KYC

About KYC

Completing the KYC process is mandatory for participation in the IDO.

How will we collect and store data, and where will it be transferred?

Note that Spectrum Labs doesn’t collect, store and process any personal data for any reason.

Your personal data will be collected, checked and stored by a trusted third-party service called Sum and Substance.

We need to inform you that due to strict regulations, the following countries will be prohibited from participation in the IDO:

Afghanistan, Albania, Algeria, Australia, Bangladesh, Barbados, Belarus, Bolivia, Burkina Faso, Cambodia, Canada, Cayman Islands, Congo (Democratic Republic), Democratic People’s Republic of Korea (DPRK), Ecuador, Egypt, Eritrea, Haiti, Iran, Iraq, Japan, Jordan, Lebanon, Mali, Morocco, Myanmar, Nepal, Nigeria, Panama, Philippines, Qatar, Russian Federation, Senegal, Somalia, Sudan, Syria, Tunisia, Ukraine, United States of America (USA), Yemen and Zimbabwe.

Please make sure you are compliant with all local regulations before participating in IDO.

Read more about decision making.

Tokenomics

We have previously published a tokenomics report detailing the specifics of the SPF token, including information on its total supply and distribution.

Beyond the IDO

In addition to the IDO, Spectrum Finance will also be holding an Initial Stake Pool Offering (ISPO) the Cardano blockchain. This will provide users with the opportunity to acquire SPF tokens at a later date, after the IDO has concluded. This is a valuable opportunity for those who may have missed the IDO or for those who wish to acquire additional SPF tokens.

It is important to note that participation in the ISPO is separate from the IDO and will be subject to its own terms and conditions. We encourage all interested parties to stay informed and stay up to date with the latest developments regarding the ISPO and the IDO.

Spectrum Finance is dedicated to providing a secure and transparent platform for our users, and we look forward to the continued growth and success of our ecosystem.